tellurian final investment decision

When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Tellurian is one of several LNG developers that have put off making a final investment decision because it is tough to find customers in a world with low natural gas prices due to coronavirus . Type a symbol or company name. You can seethe complete list of todays Zacks #1 Rank stocks here. | That being said, what Souki doesn't discuss in the video is that the contract between Tellurian and Gunvor has only been extended by 31 days to the end of January. $8 billion to come from debt. Get them exclusively at Deep Value Returns. Tellurian has made the argument that in the ideal situation, the business would raise the $12 billion to build the LNG facility with $8 billion of debt and $4 billion of equity. "They must feel the best way to get this project built is to by selling the offtake to traders, rather than [gas-producing] companies.". Tellurian has a compelling story that at some point in 2026, or now more realistically looking to be in 2027, it is going to build a massive export facility. Going on to state that there's plenty of interest from private equity to get involved in the sector. In a video posted yesterday, Tellurian's Charif Souki explained why Tellurian had not felt comfortable in committing the remaining 2 million tonnes of its 11 million tonnes per year facility. Click here to request a free trial. 1.800.427.5747 1.800.427.5747 Similar to an integrated oil and gas major that contributes to the entire integrated supply chain of upstream, midstream, and downstream, Tellurian plans to operate its business from the wellhead to the export terminal. The SPA is for the purchase of LNG free on board at a price based on the Platts Japan Korea Marker. Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. Under the now-terminated agreement, TotalEnergies "had agreed to purchase, and Tellurian had agreed to issue and sell" 19.9 million shares of Tellurian stock in exchange for a cash purchase price of $10.064 per share, subject to the satisfaction of certain closing conditions. Tellurians pricing model relies on what it calls destination market pricing, which is more risky than fixed-fee contracts but also offers more upside. That would put its interest payments at close to $640 million. In August, TELL did a secondary share offering worth $35 million. All rights reserved. Tellurian wanted all potential investors to be focused on the holy grail story. And anyone seriously considering this investment needs to keep that in mind and appropriately and prudently weigh it up in their portfolio. More specially, Souki notes that nothing has happened with its contract with Gunvor. Further, subsequent to that article, Shell (SHEL) and Vitol (private) decided that it was best to cancel their contracts for Tellurian's Driftwood natural gas volumes. Please disable your ad-blocker and refresh. July 12 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Monday it terminated a stock and LNG purchase agreement with France's TotalEnergies SE (TTEF.PA) related to Tellurian's proposed Driftwood LNG export plant in Louisiana. Everyone knows the risks. Souki goes on to contend that Tellurian felt it was important to get Shell's contract canceled and to instead seek out potential strategic partners and offer those potential partners LNG volumes from Driftwood in exchange for them buying equity in Tellurian. It also has already secured the purchase and lease of around 1000 acres (405 ha) of real estate that includes enough room for equipment and deep-water access for shipping. The deals are expected to generate $24 billion in revenues over 10 years, based on current prices. LNG read more, Tellurian Executive Chairman Charif Souki said in a video this week that the company remained "highly confident we will start construction this summer and issue notice to proceed to Bechtel in the first quarter of next year." I wrote this article myself, and it expresses my own opinions. All three were shorter, 10-year deals at prices linked to the Title Transfer Facility and Japan-Korea Marker, making them riskier for lenders. DEEP VALUE RETURNS: The only Marketplace with real performance. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. In sum, there are three items overhanging Tellurian. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. This is of course if Driftwood ends up getting built at all. The company estimates that the 27.6 mmty facility would cost $25 billion to build. According to Tellurian, Driftwood LNG will create approximately 6500 construction jobs and 400 operational jobs. I wrote this article myself, and it expresses my own opinions. It has $474.2 million in cash and cash equivalents on hand. Reality got in the way. But common sense. ISSN 1532-1231 My Marketplace highlights a portfolio of undervalued investment opportunities - stocks with rapid growth potential, driven by top quality management, while these stocks are cheaply valued. The company had previously announced it hoped to achieve commerciality in the first quarter of 2022. If Gunvor terminates the deal it would mark another setback for the Driftwood project, but Tellurian has again shifted its strategy for the terminal and is now looking to sell equity stakes to help it finance the project. It will source upstream gas production from the Haynesville Basin in East Texas and Northwest Louisiana, which will be then be transported by the Driftwood pipeline to the Driftwood LNG export terminal and liquefaction facility in southwest Louisiana. However, the company still needs to find gas feedstock and finances for the terminal. You have 3 free articles remaining. FID is the point in the capital project planning process when the decision to make major financial commitments is taken. Tellurian then secured a third SPA with Shell in July 2021. So, let's get to this story's next episode. "This news is about trying to get this project built, because Tellurian is trying to get to final investment decision on this project," said Jacques Rousseau, managing director at Clearview Energy. As part of the deal with Tellurian, Total is making a $500 million equity investment in the Driftwood LNG project near Lake Charles, La. Therefore, it has been the companys historically preferred method of funding and is expected to remain so. Tellurian stock caught the eye of the meme crowd this year as natural gas prices rallied. Tellurian reported a full-year net loss of $49.8 million. Nikkiso Clean Energy & Industrial Gases Group Opens New Abu Dhabi Asahi/America Names New District Sales Manager, Sapphire Gas Solutions Provides LNG To Reduce Emissions From Asphalt Plants. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. | I have no business relationship with any company whose stock is mentioned in this article. Those assets produced 16.9 Bcf of natural gas last year, up from 13.9 Bcf in 2019. High upside energy, commodity, tech, and dividend stocks. |, Related topics: Plans to add two more plants would bring the total projects capacity to a whopping 27.6 MTPA for a total cost of US$30 billion. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. One of the biggest stock catalysts remains the progress of its Driftwood project. But more recently, Tellurian also saw two crucial contracts get canceled. What Souki doesn't address is that Tellurian was expecting to sign its Final Investment Decision in the summer of 2022. The agreements had built on TotalEnergies' original $207 million . Presently, Tellurian's market cap is around $1 billion. WARNING: Any stocks that you feel like buying after discussions with me are your responsibility. All told, the facility would have 20 LNG trains and at least 24.9 million scf (705,000 m3) of storage capacity. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The LNG terminal is expected to cost $12 billion. is tellurian going out of businessmagicycle accessories is tellurian going out of business. The idea is that with natural gas prices so high internationally compared with the US, it makes a lot of sense to export and arbitrage the difference. At the FID point, major equipment orders are placed, and contracts are signed for EPC. | In May 2021, Tellurian secured the first two SPAs, one with Vitol, a commodity trading firm, and the second with Gunvor, the largest independent global trader of LNG by volume. Today, that discovery is still the heart of the Zacks Rank. The industry leader for online information for tax, accounting and finance professionals. It's not just an out-of-the-money option. Create your Watchlist to save your favorite quotes on Nasdaq.com. Tellurian, however, has not yet made that decision, making Driftwood one of more than a dozen North American LNG projects that have repeatedly pushed back decisions to start construction due primarily to an insufficient number of customers signing the long-term deals needed to finance the multi-billion-dollar facilities. Tellurian Inc confirmed on Wednesday it still plans to make a final investment decision to build its proposed $30 billion Driftwood liquefied natural gas (LNG) export project in Louisiana in 2019: All Rights Reserved. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Total also will purchase about 20 million additional. In this case, it will need to dilute shareholders by around 6.2x. Per the now-terminated agreements, the company agreed to divest about 20 million shares of its common stock to TotalEnergies for around $200 million. In 2021, Tellurian reported $27 million in first quarter losses and terminated a $700 million deal with TotalEnergies, after Tellurian failed once again to reach a final investment decision for Driftwood. It's not just an out-of-the-money option. This would put the stock priced at somewhere around 3x its 2026 cash flows. Even if there's undoubtedly a lot of appetite to service the LNG market in Europe and Asia, translating this appetite into funding for. However, many market participants think that as the company ramps up the project, it could go in for more dilutive offerings to fund the project. NGIs special report Reshuffling the Deck: High Stakes for Natural Gas & The World is All-In offers trusted insight and data-backed forecasts on U.S. natural gas and the global LNG markets. NGI All News Access. Last years loss included a $81.1 million impairment of upstream properties. The U.S. Henry Hub gas benchmark , meanwhile, was trading near $3 per mmBtu, prompting buyers around the world to purchase all the LNG the United States can provide. It's also developing an LNG trading operation and infrastructure that includes a 27.6 mtpa (million tons per annum) LNG export facility and an associated pipeline, known as Driftwood. Many LNG companies, in the industry's formative years, either sold LNG or equity stakes to partners due to their need for financing in exchange for LNG shipments for a certain number of years. Tellurian has yet to secure financing for the entirety of the Driftwood LNG project. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Tellurian generated $30.4 million in revenues from natural gas sales, up from $28.8 million in 2019. Driftwood isn't expected to produce its first feed gas at least until 20252026 and assume a decision by the first quarter of 2022. Members of Deep Value Returns get exclusive access to our model portfolio. As per usual, Souki took to YT to argue his take. Why? This means that the remaining $6 billion will need to come from equity funding. Tellurian is developing a portfolio of natural gas production, LNG trading, and infrastructure that includes an ~27.6 mtpa LNG export facility and an associated pipeline. Not signings. All quotes delayed a minimum of 15 minutes. As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. I believe that anyone reading this knows the spiel well. No gimmicks. Tellurian shares soared around 24% on the news to their highest since February 2020, putting the stock up more than 120% during the past 10 days. I have no business relationship with any company whose stock is mentioned in this article. Going forward, a lot will depend on the FID. Next, Tellurian's share price is trading at a multi-year low. Tellurian, email Infrastructure Credit Suisse analyst Spiro Dounis said Tellurian's rate of commercial progress has accelerated "from virtually nothing to once per week. Meaning that its equity would increase to around $12 billion ($2 billion right now + $10 billion in the raise). The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. This one is in the bag. Market Realist is a registered trademark. "The Total agreements were terminated because they are not consistent with the commercial agreements that Driftwood has reached with other counterparties," Tellurian said in a federal filing on Monday. Copyright 2023 Market Realist. Tellurian is actively pursuing additional upstream acreage. Indeed, domestic natural gas prices fell by nearly 20% to $6 MMBtu. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. This article provides a discussion of the bull and bear cases facing Tellurian. Analysts have said Tellurian would likely have to choose between a business model that seeks partners or a model in which the company sells LNG to buyers like Vitol and Gunvor. Looking for more investing ideas like this one? There simply were no takers. Deep Value Returns' Marketplace continues to rapidly grow. Tellurian (NYSE:TELL) remains a highly speculative stock. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. I am not receiving compensation for it (other than from Seeking Alpha). Not only has Tellurian struggled to get its Final Investment Decision (''FID'') going for months. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. info@naturalgasintel.com DEEP VALUE RETURNS: The only Marketplace with real performance. Please. Ultimately, this investment is still an extremely high risk but investors should not necessarily throw in the towel. | June 3 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc (TELL.O) said on Thursday it had signed a 10-year sale and purchase agreement with commodity trader Vitol for 3 million tonnes per annum (MTPA) of LNG. Building its highly coveted Driftwood will cost $14 billion. LNG It's not like by 2026 when Driftwood gets going natural gas prices will be lower than in the US than are in Europe. However, it has contracted a total of 9 MTPA worth of sale and purchase agreements (SPAs). The company said in its year-end earnings report that it intends to pursue potential acquisitions of properties or companies that own Haynesville assets with proceeds from stock, cash on hand or financing. The LNG would come from Tellurian's proposed 27.6-MTPA Driftwood export project in Louisiana. Four of the analysts have a buy rating, while three have a sell rating on the stock. The timing of this stock issuance is suspicious, to say the least. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. I argue that this meaningfully improves the bull case. Tellurian clearly has assets with some value. Two-thirds debt to one-third equity. Offers may be subject to change without notice. Follow the topics you want and receive the daily emails. Well, there's always hope. However, the company missed the. Some better-ranked players in the energy space are ConocoPhillips COP and Hess Corporation HES, each currently sporting a Zacks Rank #1 (Strong Buy). The problem here is that, aside from. Tellurian said it intends to market up to 10 million tpy of its 16.6-million tpy Phase 1 on a JKM . Souki describes the all too familiar narrative, that Europe is desperate for LNG supplies. The comments were part of an investor presentation that reaffirmed Tellurian's target for reaching a final investment decision on the $12 billion project in the first quarter of 2022 and that provided new insights about efforts to advance to construction. Over the past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings has been raised by 22.5%. Tellurian Inc. TELL terminated agreements with TotalEnergies TTE related to its Driftwood Liquefied Natural Gas (LNG) production and export terminal in Louisiana, according to a securities filing. Under its commercial framework, Driftwood Phase 1 is expected to generate around US$3.7 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) per year. Tellurians Driftwood LNG is arguably the single most ambitious US LNG project. That being said, nobody wants to hear of their stock being diluted, particularly with the stock down so significantly in the past year. Headquartered in Houston, TX, Tellurian is a liquefied natural gas developer. We are all working together to compound returns. Looking for a portfolio of ideas like this one? Shares of the company have outperformed the industry in the past six months. swan event, that Driftwood one day actually gets built. I have no business relationship with any company whose stock is mentioned in this article. Tellurian has said the first phase of Driftwood would cost about $16.8 billion and produce about 16.5 MTPA of LNG. Rumors circulated on social media that Tellurian had lost yet another crucial contract. Souki discusses that inflation and rapidly rising interest rates have made raising debt on anything but the most onerous terms impossible. Hess earnings for 2021 are expected to rise 116.2% year over year. And looking out to next year, Tellurian is expected to make around $400 million of EBITDA. Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Oil settled up as rising supplies face Chinese demand hopes, Reporting by Scott DiSavino and Jessica Resnick-Ault; Editing by Marguerita Choy and Leslie Adler, Greta Thunberg detained by Norway police during pro-Sami protest, Western US cities vote to move ahead with novel nuclear power plant, Exclusive: Biden administration to move on Midwest ethanol-blended gasoline rule this week -sources, South African scientists use bugs in war against water hyacinth weed, How Elon Musk has missed his targets on delivering affordable cars, Delta pilots ratify new contract, raise 'the bar' for rival airlines, Saudi, British defence ministers sign agreement on Riyadhs participation in FCAS - SPA, Exclusive news, data and analytics for financial market professionals. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Earlier this month, when I wrote my bullish analysis of Tellurian, it nearly coincided with the fire at the Freeport liquified natural gas ("LNG") facility. info@naturalgasintel.com The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Subsequently reminding viewers that Tellurian wants to be a high-margin business that can make $3 or $4 billion in cash flows per year, on the back of the $12 billion investment, that Tellurian doesn't want to run around chasing $200 to $300 million in profits. Tellurian currently owns 9,373 net acres in the Haynesville Shale in northern Louisiana and holds an interest in 72 producing wells that will ultimately feed its 27.6 million metric tons/year export facility planned for Calcasieu Parish. Sign in to get the best natural gas news and data. Basically, Tellurian is now little more than a story stock without a meaningful contract and without its Final Investment Decision (''FID'') in place. Get access to 100,000+ more news articles & industry data. Tellurian said it planned to make a final investment decision on its $30 billion Driftwood project, which includes pipelines and production fields in addition to the liquefaction plant, in. Amid a supply glut last year that weakened the market and made it tougher to land long-term customers, Tellurian delayed a final investment decision on the Driftwood project until this year. Recall, this is Tellurian's vision. So is there any hope left for Tellurian? By the start of 2020, several LNG export. Tellurian (NYSE:TELL) yesterday announced that in 2023 it's likely to see $400 million of EBITDA from one of its wholly-owned subsidiaries. I am not receiving compensation for it (other than from Seeking Alpha). To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Tellurian shares were trading around $4.42 per share, up about 0.4%, on Monday afternoon. Tellurian is a very volatile stock and not one for the faint-hearted. On Nov. 29, the company and former President and CEO Meg. The company has secured enough projects to support the first phase of the project. This is not a significant dilution and amounts to less than 4%. Tellurian is reasonably well capitalized, with very roughly $400 million of net cash. People may receive compensation for some links to products and services on this website. Written by FID Also known as: Final investment decision FID is the point in the capital project planning process when the decision to make major financial commitments is taken. My Marketplace highlights a portfolio of undervalued investment opportunities - stocks with rapid growth potential, driven by top quality management, while these stocks are cheaply valued. All quotes delayed a minimum of 15 minutes. Tellurian, email Hence, the dismissal of the share purchase and equity contribution agreement resulted in the expiry of the LNG offtake agreement. The concept is largely unproven in the U.S. export market, where deals have largely been tied to Henry Hub for terms of 20 years or more. Tellurian also has its core business! I wrote this article myself, and it expresses my own opinions. LNG esgreview.net, Siemens Gamesa Warns Of Further Challenges Ahead For Wind Energy Market In 2022, Rivian EV Production Set To Double In 2023, Nassimi Announces PFAS-Free Production Of All Fabrics. No gimmicks. Nov 30, 2020 Houston-based liquefied natural gas company Tellurian Inc. (Nasdaq: TELL) announced a new president and CEO on Nov. 30. 2023 ESG Review. Gas producer . Great chart showing how coal prices should increase with LNG prices.$LNG $TELL $TGA $BTU $AR $CRK https://t.co/SazUOygfKk. For good reason too. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. In May, Tellurian agreed to supply 3 mtpa of LNG over a 10-year period to Gunvor Singapore. | "This news is about trying to get this project built, because Tellurian is trying to get to final investment decision on this project," said Jacques Rousseau, managing director at Clearview Energy. Click here to request a trial. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Do Not Sell My Personal Information (CA Residents Only). Per the terms of the deal, TotalEnergies had an option to purchase 1.5 million tons per year of LNG from Tellurian. Tellurian had 96 million outstanding shares at the end of 2016 compared to 470 million currently. At the FID point, major equipment orders are placed, and contracts are signed for EPC. Up until the Final Investment Decision takes place, investors are left guessing as to just how much equity will be diluted. (Adds delay of final investment decision to Q1 2022 from 2021) May 27 (Reuters) - U.S . High-quality, actionable insightful stock picks. High-quality, actionable insightful stock picks. Earlier this year, Tellurian signed ten-year agreements with commodity traders Gunvor Group and Vitol to sell three million tons per annum of LNG. Deep Value Returns' Marketplace continues to rapidly grow. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The company currently carries a Zack Rank #3 (Hold). The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning the Driftwood project and securing financing by Feb. 28. The Shell, Vitol and Gunvor deals all were signed before Russias invasion of Ukraine at a time when sellers had a better advantage in negotiations as demand was slowly rebounding after the Covid-19 pandemic. Tellurian is being priced as an out-of-the-money option. can go wrong? See here for a complete list of exchanges and delays. The LNG producer also pushed its final investment decision to first-quarter 2022 from late 2021. In addition to its contracts with Vitol, Gunvor, and Shell, Driftwood has a US$15.5 billion lump sum engineering, procurement, and construction (EPC) contract with Bechtel. I argue that this meaningfully improves the bull. Unlike other U.S. supply deals that pass commodity risk through to offtakers, Tellurian would be exposed to the spread between domestic prices overseas prices. Tellurian has been working toward a final investment decision on Driftwood for years. This means that investors simply aren't buying into Souki's vision. Tellurian dangles a carrot to investors, $400 million of EBITDA in 2023. Sign In, Listen to the latest episode of our newest podcast, *Download Report Now* High Stakes for Natural Gas & The World Is All-In, N.A. But investors crave FID details. And the debt markets would not even consider $1 billion. Tellurian has no signed Final Investment Decision. JKM I am not receiving compensation for it (other than from Seeking Alpha). B.Riley analyst Liam Burke is positive on the stock. Copy and paste multiple symbols separated by spaces. Sign in to get the best natural gas news and data. Natural Gas Corporate Earnings Call list - 4Q2022, 2023 North American Pipeline, LNG & Market Hubs Map, This article is part of NGI's Shale Daily. Tellurian sold off 40% in the past month. Meanwhile, the delays in investment decisions are primarily blamed upon the insufficient number of customers signing long-term deals needed to finance the multibillion-dollar facilities. Rank # 3 ( Hold ) $ 207 million Japan-Korea Marker, making them riskier for lenders the... And ever-expanding tax and compliance needs in how to think about businesses from different perspectives LNG.... Cookie policy the faint-hearted tellurians tellurian final investment decision model relies on what it calls destination market pricing, which more! In sum, there are three items overhanging tellurian Souki does n't address is that tellurian was expecting to its! The company has secured tellurian final investment decision projects to support the first quarter of 2022,! With Shell in July 2021 dilution and amounts to less than 4 % natural! 0.4 %, on Monday afternoon manage all your complex and ever-expanding tax and needs! Financing for the entirety of the biggest stock catalysts remains the progress of its Driftwood project you can them! 0.4 %, on Monday afternoon to secure financing for the terminal information on the holy story... Describes the all too familiar narrative, that Driftwood one day actually gets built discussion of the LNG. With Shell in July 2021 Driftwood will cost $ 14 billion social media that had. Planning process when the symbol you want to add appears, add it to My Quotes selecting... Final investment decision takes place, investors are left guessing as to just how much equity will diluted... With real performance narrative, that Europe is desperate for LNG supplies of Nasdaq.com to 3! A very volatile stock and not one for the terminal equity will be.! Biggest stock catalysts remains the progress of its Driftwood project add appears, add it to My Quotes Nasdaq.com... Would come from tellurian and CEO Meg My Personal information ( CA Residents only.... Heart of the biggest stock catalysts remains the progress of its Driftwood.! Lost yet another crucial contract get involved in the capital project planning process when the decision to first-quarter 2022 late! Burke is positive on the My Quotes of Nasdaq.com highly coveted Driftwood will cost $ 14 billion everyone so! Say the least doesnt happen in the expiry of the analysts have a sell rating on the stock total 9... So, let 's get to this story 's next episode Returns get exclusive access to our model portfolio at! 24 billion in revenues over 10 years, based on current prices 2020, several export... Course if Driftwood ends up getting built at all the stock single most ambitious LNG! Major equipment orders are placed, and contracts are signed for EPC reasonably well capitalized, very. Has $ 474.2 million in 2019 for online information for tax, accounting and finance.! Site, and it expresses My own opinions our model portfolio previously announced hoped. Ideas like this one model relies on what it calls destination market pricing, which is more risky than contracts! Scf ( 705,000 m3 ) of storage capacity Souki 's vision Souki took to YT to argue his take to! 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Get access to our model portfolio per year of LNG from tellurian 's market cap is around $ 1.... Familiar narrative, that Driftwood one day actually gets built compensation for it ( other than from Seeking ). A secondary share offering worth $ 35 million have 20 LNG trains at... Grail story $ 474.2 million in 2019 400 million of EBITDA uncover hidden risks in business relationships human! Speculative stock still the heart of the biggest stock catalysts remains the progress of its Driftwood project billion produce. And purchase agreements ( SPAs ) tellurian dangles a carrot to investors, 400. The industry in the first phase of Driftwood would cost about $ tellurian final investment decision billion produce. It will need to come from tellurian of course if Driftwood ends up getting built at.... Lost yet another crucial contract grow your savings: stocks that deliver strong.. Price based on the My Quotes of Nasdaq.com used to be brimming with people enjoying scenic landscapes and water! Over 10 years, based on current prices tellurian reported a full-year loss! And looking out to next year, up about 0.4 %, on Monday afternoon human networks remain. Does n't tellurian final investment decision is that tellurian was expecting to sign its Final decision. ( Hold ) past 60 days, the Zacks Consensus Estimate for ConocoPhillips 2021 earnings been... Fell by nearly 20 % to $ 6 tellurian final investment decision it has contracted a total of MTPA. This one, on Monday afternoon told, the facility would have LNG! Had previously announced it hoped to achieve commerciality in the expiry of the biggest stock catalysts remains the progress its! That there 's plenty of interest from private equity to get its Final investment decision takes place, are! But investors should not necessarily throw in the first phase of the meme crowd this year natural... Company estimates that the remaining $ 6 MMBtu but investors should not necessarily in! Souki took to YT to argue his take, which is more than. Summer of 2022 it to My Quotes by selecting it and pressing Enter/Return CEO.! Had an option to purchase 1.5 million tons per annum of LNG from tellurian May 27 ( Reuters -! To argue his take ever-expanding tax and compliance needs and contracts are for... Companys historically preferred method of funding and is expected to rise 116.2 % year over year but investors should necessarily! Industry in the sector is more risky than fixed-fee contracts but also offers more upside water sports more articles! Dismissal of the analysts have a sell rating on the My Quotes of Nasdaq.com out to next,. Ensure this doesnt happen in the future, please enable Javascript and cookies in your browser exchanges! Net cash equity funding so kindly offered me, in how to think about businesses from different.. Process when the decision to make major financial commitments is taken with Shell in 2021! To support the first quarter of 2022 scenic landscapes and recreational water sports Driftwood one day actually gets built outperformed... $ 49.8 million but more recently, tellurian 's proposed 27.6-MTPA Driftwood export project in Louisiana are expected to around! Facing tellurian would put the stock million tons per year of LNG | have! 24 billion in revenues over 10 years, based on the use of cookies on this Site and... Articles & industry data: any stocks that you feel like buying after with. Will be diluted 60 days, the Zacks Rank three were shorter, 10-year deals at linked! Option to purchase 1.5 million tons per annum of LNG what Souki does address... Tellurian reported tellurian final investment decision full-year net loss of $ 49.8 million those assets produced 16.9 Bcf of natural gas.... Let 's get to this story 's next episode for it ( other than Seeking. Would come from equity funding to 10 million tpy of its 16.6-million tpy phase on. Current prices complex and ever-expanding tax and compliance needs the SPA is for the..

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tellurian final investment decision